Saab AB gets $23.7M U.S. radar-system order

GustavSandstrom

Swedish defence group Saab AB (SAAB-B.SK) said Wednesday it has received an order from the U.S. Department of State worth $23.7 million for the GIRAFFE AMB multi-mission radar system and related services.

MAIN FACTS:

-Deliveries will take place during 2012 and 2013.

-The Giraffe AMB is a Multi-Mission Radar System that detects enemy threats from rocket, artillery and mortar attacks while simultaneously conducting air surveillance.

-At 0903 GMT, shares in Saab were up 3% at SEK125.30 against a 1.7% rise in the wider Stockholm market.

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